Benchmark analyst David Williams lowered the firm’s price target on Power Integrations (POWI) to $50 from $55 and keeps a Buy rating on the shares following the company’s Q3 report. Despite “disappointing guidance,” the firm continues to see the strengthening product pipeline and new leadership positioning the company for sustainable double-digit growth, the analyst tells investors.
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- Power Integrations’ Earnings Call: Mixed Sentiment and Strategic Focus
- Power Integrations reports Q3 EPS 36c, consensus 35c
- Power Integrations sees Q4 revenue $100M-$105M, consensus $116.39M